Listen now (25 min) | Hipkins rules out wealth tax for his time as PM after ditching plans in Budget for a revenue-neutral wealth tax on the top 0.5% to pay for a $20/week tax cut for bottom 99.5% because...just because.

Absolutely great read from Bernard Hickey on Hipkins’ wealth tax announcement and the treasury report released yesterday:

That’s it. It will now be almost impossible for a wealth or capital gains tax to be implemented within the next decade or two.

The future of Aotearoa’s political economy will now remain frozen in its stagnant, unequal, unjust, unproductive and unhealthy state for the forseeable future. That’s what our leaders, and ultimately the only voters that matter, have decided. Those hoping to change that frozen landscape should now look after themselves and their families, and/or hope and work for an electoral miracle that gives parties who want such taxes dominant positions in any post-election negotiation.

  • @Xcf456English
    5•1 year ago

    Labour are not as bad as if National/act were in power. It’s not even close. They’re streets ahead on the employment space alone.

    Greens are absolutely not the most racist party in Parliament, not with the Maori bashing National and act get up to. Their tax plan is also the best any party has to offer for everyone except those with more than net $4 million in assets (I.e. 99% of the population) and it would be real, positive change if implemented. It’s worth supporting.